AdvancedMD Named to Inc. 5000 List for Third Consecutive Year

Web-based medical software innovator also named to Inc. Top 100 Software Companies second year running.

Salt Lake City, Utah (October 29, 2009) –

AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices, management services organizations and medical billing services, today announced that for the third consecutive year the company has been named to the prestigious Inc. 5000 list of America’s fastest growing, privately-held companies. Of the 5,000 honorees, AdvancedMD was ranked 1,047 with a three-year growth rate of 295 percent. For the second year in a row, the company was named among the Top 100 Software Companies, in 66th position.

For medical practices looking to outsource their billing, AdvancedMD works with a national network of technology-advanced billing service providers, who have combined advanced technology with their billing expertise, customer service and regional locations. Billing services equipped with AdvancedMD software are able to offer a new level of operational efficiency to physicians experiencing high claim rejection rates due to outdated client-server/onsite- based billing software.

As of September, 2009, AdvancedMD had more than 13,000 providers on its web-based system, representing 85 specialties and had processed 1.45 million claims through the company’s clearinghouse that month. Currently, the company partners with more than 270 billing services. AdvancedMD’s success signals a continued market retreat from premises-based billing software, which can be difficult to maintain and costly to update. Additionally, AdvancedMD, as a shared hosted system, can quickly identify the latest changes to insurance payer reimbursement rules and codes, then make technical adjustments to its scrubbing system available to all customers in a timeframe that cannot be matched by onsite, client/server software systems.

“Our company’s momentum has been powered over the past several years by our employees — some of the most talented, dedicated individuals in the industry – providing world-class products, service and support to a growing body of highly satisfied customers,” said Eric Morgan, president and CEO of AdvancedMD. “That, combined with leading-edge, web-based technology has helped place our company among the elite private growth companies in the nation – an accomplishment we are extremely proud of. We appreciate Inc. magazine’s formal recognition of our effort and success.”

AdvancedMD has received many other prestigious industry awards over the past several years, including a Codie for best medical software product and The Best in KLAS award for overall performance relative to its competitors.

AdvancedMD Resources:

Learn about web-based medical office software.
Learn about practice management and EMR software for private practices.
Learn about billing software for medical billing services.

About AdvancedMD Software

AdvancedMD delivers a market-leading Software-as-a-Service (SaaS) medical practice management and billing platform to 13,000 providers and 270 billing service providers nationwide. Because AdvancedMD processes more than 1M claims per month for 85 specialties, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect the changes, enabling successful claims performance. Customers achieve first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. The company’s all-in-one solution eliminates hardware and software license purchases while customers enjoy the freedom of no long-term contracts and one all-inclusive monthly fee. This subscription includes unlimited phone and email support from a team of healthcare and billing experts, free online training, enterprise-class data center security, automated hourly offsite backups of patient data and 99.9 percent uptime. The user interface is intuitive and easy to learn, enabling employees to become proficient faster. Comprehensive HIPAA compliance exceeds the capabilities of client-server practice management software, especially in the areas of patient data protection and backup. AdvancedMD enables billing service providers with centralized management of multiple clients and virtual staff no matter where they are located across the globe. AdvancedMD clients recognize immediate improvements to their financial performance through timely and accurate claims processing with workflow efficiency. For more information, please visit www.advancedmd.com.

Source: AdvancedMD